103
103
Sep 13, 2013
09/13
by
MSNBC
tv
eye 103
favorite 0
quote 0
equal to the level that the debt ceiling would be raised. how this gets resolved is completely -- nobody has any idea right now and there's only a few more weeks before we hit the debt ceiling. >> and this is a political weapon that's the most useless piece of policy probably ever enacted by congress. >> but it's also a tool to remind the congress, though, that there's real people out there in this country who are faced with debt and it's a reality to them, you know. if their home is mortgaged and they have got a car payment and, you know, they have got everything on credit cards and they don't pay their bills and they don't, you know, keep their debt down, they have got a problem. so i think, you know, congress needs to at least listen to what your average person out there is saying about it. >> but on this one, tony, here's the irony. the deficit is on our trajectory in a better place than it was the last couple of times. >> yeah, it is. but having spending fights is great. but the natural and healthy place to do that is on the cr, it's on
equal to the level that the debt ceiling would be raised. how this gets resolved is completely -- nobody has any idea right now and there's only a few more weeks before we hit the debt ceiling. >> and this is a political weapon that's the most useless piece of policy probably ever enacted by congress. >> but it's also a tool to remind the congress, though, that there's real people out there in this country who are faced with debt and it's a reality to them, you know. if their home...
154
154
Jan 6, 2013
01/13
by
CNNW
tv
eye 154
favorite 0
quote 0
the debt ceiling. >> i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired. every american owes $52,000 in terms of their share of the national debt. we've raised the debt ceiling last august. we went through $2.1 trillion in 17 months. the size of the debt in 2013, by 2037 will be twice the size of the economy. i want to raise the debt ceiling, but i will not do it without a plan to get out of debt. senator durbin has done some hard work with the republicans on entitlement reform. if you raise the debt ceiling by a dollar, you should cut spending by a dollar. that's the way to go forward. we need a budget. our democratic friends haven't passed a budget in three years contrary to the law of the land and why raise money and spend it if you don't have a budget. a dollar for dollar offset and a budget i think are two conditions to raising the debt ceiling. >> you would not raise it unless you've got cuts certain in spending. you will not raise the debt ceiling. >> i'm not going to borrow trillions more dollars
the debt ceiling. >> i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired. every american owes $52,000 in terms of their share of the national debt. we've raised the debt ceiling last august. we went through $2.1 trillion in 17 months. the size of the debt in 2013, by 2037 will be twice the size of the economy. i want to raise the debt ceiling, but i will not do it without a plan to get out of debt. senator...
49
49
Sep 30, 2013
09/13
by
MSNBC
tv
eye 49
favorite 0
quote 0
remember we raised the debt ceiling in january. republicans in december were talking a game about more concessions, budget cuts. ultimately the january debt ceiling increase was essentially a clean increase. the only thing republicans got was that senate democrats had to pass a totally symbolic budget, which is really not much of a concession at all. i think house republicans are able to see reason on this stuff as they did in january. the question is how much government shutdown it will take. >> shng has changed since then. >> what's that? >> ted cruz. >> 2016 that changed it. >> you can see this again with the anonymous house staffer. they understand how ted cruz has changed the national dynamic for primaries. >> and hurt the party in terms of the image of the party being rational and sane. the other thing ted cruz doesn't answer to those people you're talking about. i want to go back to luke. is josh cret there are republicans that see reason, like josh said, a week or two of shutdown, which, by the way, real people will be hurt
remember we raised the debt ceiling in january. republicans in december were talking a game about more concessions, budget cuts. ultimately the january debt ceiling increase was essentially a clean increase. the only thing republicans got was that senate democrats had to pass a totally symbolic budget, which is really not much of a concession at all. i think house republicans are able to see reason on this stuff as they did in january. the question is how much government shutdown it will take....
111
111
Jan 14, 2013
01/13
by
KNTV
tv
eye 111
favorite 0
quote 0
you might see the debt ceiling raised in one-month increments. i think you're going to have to get used to this pervasive patchwork and lack of certainty. >> jerry, i don't know how good that is. listen to what greg is saying. months by month you're going to listen to these important issues. does that meek that business and consumers are going to be in lockdown mode because we don't know what's ahead? >> what greg has just described is what when i went to graduate school in political science 40 years ago, that's how america makes policy p, it's called incrementalism. look at this deal at the end of last year which absolutely nobody loves and it's the farthest thing from a grand bargain, on the other hand, it takes a few billion dollars out of long-term debt. it's not enough. we'll come up with some other deals and it's nonsense for the president spokesman to say he's not going to compromise. that doesn't mean anything. we're going to see more of this bit and pieces. as you both said, the market and business continue to move along, look for ways t
you might see the debt ceiling raised in one-month increments. i think you're going to have to get used to this pervasive patchwork and lack of certainty. >> jerry, i don't know how good that is. listen to what greg is saying. months by month you're going to listen to these important issues. does that meek that business and consumers are going to be in lockdown mode because we don't know what's ahead? >> what greg has just described is what when i went to graduate school in...
125
125
Jan 14, 2013
01/13
by
CNBC
tv
eye 125
favorite 0
quote 0
you know we're going to see a lot of back and forth over raising the debt ceiling. sequestration is still on the horizon now. less than two months away. the continuing resolution. i want you to take a listen to the president's spokesperson this week on the debt ceiling, get your reaction to that. >> sure. >> he will not negotiate with congress when it comes to the essential responsibility of congress to pay the bills that congress has incurred. >> what do you think? >> well, it's an interesting question. how does he not negotiate with congress, if congress won't raise it, if it the president doesn't do something like cut spending? so it's kind of an awkward sort of situation. and i think the troubling aspect for the markets, you basically have two immovable objects here. republicans who say we won't raise the debt ceiling if you don't cut spending and a president who says, first of all, i'm not going to cut spending unless you also raise taxes and i'm not going to negotiate on the debt ceiling. i think if past is prologue, i don't think the markets or the private se
you know we're going to see a lot of back and forth over raising the debt ceiling. sequestration is still on the horizon now. less than two months away. the continuing resolution. i want you to take a listen to the president's spokesperson this week on the debt ceiling, get your reaction to that. >> sure. >> he will not negotiate with congress when it comes to the essential responsibility of congress to pay the bills that congress has incurred. >> what do you think? >>...
114
114
Jan 27, 2013
01/13
by
CSPAN
tv
eye 114
favorite 0
quote 0
the continuing resolution and the debt ceiling. both of those are coming up in the next couple of months. those are leverage points that are the mirror image of the fiscal cliff. those are leverage points that if nothing passes the result is not a default on the debt. that's scare hmongering from the president. the -- scaremongering from the president. those are temporary partial shutdowns. we've seen that before in 1995 when republicans stood together, and the result was some political pain, to be sure, but it was also year after year of balanced budgets and some of 9 most fiscally responsible policies from congress we have seen in modern times. [applause] the only hope of getting anything affirmative done is requesting to come from those leverage points because president obama has indicated, sadly, he has no interest in being bill clinton. he has no interest in tacking to the middle. he has no interest in compromising with anybody, and the only way we're going to restrain the out of control spending and debt that's threatening ou
the continuing resolution and the debt ceiling. both of those are coming up in the next couple of months. those are leverage points that are the mirror image of the fiscal cliff. those are leverage points that if nothing passes the result is not a default on the debt. that's scare hmongering from the president. the -- scaremongering from the president. those are temporary partial shutdowns. we've seen that before in 1995 when republicans stood together, and the result was some political pain,...
23
23
tv
eye 23
favorite 0
quote 0
the decision on america's multi-trillion dollar debt ceiling raises fears for the world economy while the government cuts back on space missions to save itself from default. literally and set to vote on guaranteed monthly handouts worth thousands of dollars in a pilot scheme to provide citizens with a lifetime of financial security. this is already coming to you live from moscow i'm marina welcome to the program and leading us tech companies are seeking to undo the damage from the n.s.a. scandal that revealed their part in government spy programs the internet giants are asking the federal court to lead them reveal details about the agency's data requests a move that's been slammed by the justice department music often of looks at what could have prompted this fight for transparency. in the wake of the u.s. national security agency scandal much of the tech industry has grown critical of government snooping some companies named as partners in the n.s.a.'s prism program including google and facebook even sued the u.s. in order to set the record straight they're hoping to fight the percep
the decision on america's multi-trillion dollar debt ceiling raises fears for the world economy while the government cuts back on space missions to save itself from default. literally and set to vote on guaranteed monthly handouts worth thousands of dollars in a pilot scheme to provide citizens with a lifetime of financial security. this is already coming to you live from moscow i'm marina welcome to the program and leading us tech companies are seeking to undo the damage from the n.s.a....
146
146
Oct 10, 2013
10/13
by
FBC
tv
eye 146
favorite 0
quote 0
have a great evening. ♪ lou: house speaker puts the deal on the table seeking to raise the debt ceiling for ix weeks, and wall street rejoices. a powerful triple digits gain for the dow jones industrials that erased nearly all of the losses since the partial government shutdown began ten days ago. mr. obama makes no determination . i am lou dobbs. ♪ lou: good evening. house republican leaders offered a temporary incrrase in the debt ceiling. in exchange for go
have a great evening. ♪ lou: house speaker puts the deal on the table seeking to raise the debt ceiling for ix weeks, and wall street rejoices. a powerful triple digits gain for the dow jones industrials that erased nearly all of the losses since the partial government shutdown began ten days ago. mr. obama makes no determination . i am lou dobbs. ♪ lou: good evening. house republican leaders offered a temporary incrrase in the debt ceiling. in exchange for go
35
35
tv
eye 35
favorite 0
quote 0
the decision of america's multitrillion dollar debt ceiling raises fears for the world economy while the government cuts back on space missions to save itself from default. and switzerland to such a varied on guaranteed a monthly handout with thousands of dollars in a pilot scheme to provide citizens with a lifetime of financial security. life from moscow you watching r t you with me on new day it's good to have you company with us let's take a look at the top story. living in the u.s. a tech companies are seeking to undo the damage from the n.s.a. scandal that revealed their part in government spying programs the internet giants are asking the federal court to let them reveal details about the agency's data requests a move that's been misled by the justice department arches lose again for nothing said what could have prompted this wide for transparency. in the wake of the u.s. national security agency scandal much of the tech industry has been critical of government snooping some companies named as partners in the n.s.a.'s prism program including google and facebook even sued the u.
the decision of america's multitrillion dollar debt ceiling raises fears for the world economy while the government cuts back on space missions to save itself from default. and switzerland to such a varied on guaranteed a monthly handout with thousands of dollars in a pilot scheme to provide citizens with a lifetime of financial security. life from moscow you watching r t you with me on new day it's good to have you company with us let's take a look at the top story. living in the u.s. a tech...
171
171
Oct 9, 2013
10/13
by
WUSA
tv
eye 171
favorite 0
quote 0
the debt ceiling. ken molistina on how it went down if tonight's big story. >> reporter: it was back in 2006 when then senator barack obama took to the senate floor and said he intended to oppose the effort to increase the debt limit. s to he is calling a different tune. >> if they refuse to raise the debt ceiling, america cannot meet its financial obligations for the first time in 225 years. >> reporter: s had comments are a back drop -- his comments are a back drop to the government shutdown with no end in sight. the president and john boehner both offered jabs today. >> if there is unconditional surrender, then he'll sit down and talk to us. >> we shouldn't have to get reprieve to keep our government open. >> reporter: but the words didn't offer much in the way of a solution. the president and democrats want congress to pass a spending bill and debt limit increase without future spending. >> we can't raise the debt ceiling without doing something about what is driving us to borrow more money and to
the debt ceiling. ken molistina on how it went down if tonight's big story. >> reporter: it was back in 2006 when then senator barack obama took to the senate floor and said he intended to oppose the effort to increase the debt limit. s to he is calling a different tune. >> if they refuse to raise the debt ceiling, america cannot meet its financial obligations for the first time in 225 years. >> reporter: s had comments are a back drop -- his comments are a back drop to the...
56
56
Oct 11, 2013
10/13
by
FBC
tv
eye 56
favorite 0
quote 0
if they do not raise the debt ceiling in washington d.c. and we have a balance was a minute however, if we raise the debt ceiling in extending credit card limit that is the correct thing to do and fiscally irresponsible. i have no idea what is going on. dennis: what is the right approach? split that they before us. >> the right approach is to keep the amount of the deficit growth under the increase in nominal gdp. we will somehow someday be able to bail out the debt. dennis: rewind that. the way to do it is? >> if that percentage issgrowing and less quick rate than the increase in nominal gdp, that debt as a percentage of gdp would be falling. the best thing we can possibly the biggest the already have 17 trillion in debt and consistently pass the entitlement program. now we have a premium support for 20 million individuals who cannot afford health insurance. i wonder where the money will come for these people. over two and half trillion. when we going tooplacate our creditors and let them know that the united tates government will never de
if they do not raise the debt ceiling in washington d.c. and we have a balance was a minute however, if we raise the debt ceiling in extending credit card limit that is the correct thing to do and fiscally irresponsible. i have no idea what is going on. dennis: what is the right approach? split that they before us. >> the right approach is to keep the amount of the deficit growth under the increase in nominal gdp. we will somehow someday be able to bail out the debt. dennis: rewind that....
104
104
Oct 11, 2013
10/13
by
FBC
tv
eye 104
favorite 0
quote 0
so they made an offer last night , certain spending cuts to raise the debt ceiling, open the government back up or whatever part is not yet open, and they're waiting on a counter offer. meanwhile in the senate, fuse and the republicans are floating impactive of a plant, along with open up the government for about a year, short-term debt increase in exchange for repealing the device tax and the new anti-fraud verification system so that those don't abused government credits will sign up for obamacare, something a handful of republicans are selling to their colleagues. a number of different talks in the senate. announces mostly between the house leaders. over at the white house it is the beginning of these negotiations. short-term debt ceiling proposals that the house put out yesterday at what an increase the debt ceiling today, that really get things moving at the white house. so that offer is still on the table, something republicans still have to increase the debt ceiling until november charges second. everything else is a holding pattern. especially a vote on that. we are still waitin
so they made an offer last night , certain spending cuts to raise the debt ceiling, open the government back up or whatever part is not yet open, and they're waiting on a counter offer. meanwhile in the senate, fuse and the republicans are floating impactive of a plant, along with open up the government for about a year, short-term debt increase in exchange for repealing the device tax and the new anti-fraud verification system so that those don't abused government credits will sign up for...
98
98
Jun 9, 2013
06/13
by
CSPAN
tv
eye 98
favorite 0
quote 1
where success is measured by how well our tracks are covered when the debt ceiling is raised. where prioritizing spending cuts ae avoided by invoking sequester. we have been there, done that. it is time now for the senate to lead. there are encouraging signs we may be moving in this direction. earlier this year, a budget was passed by this chamber. it was not a budget that i preferred, but i was given ample offerunity to debate and amendments as were my republican colleagues. we came up short, but at least the senate got back to regular order. in the coming weeks, this body will consider an immigration bill. immigration has remained a comp likes issue with members holding strong views on many of its assets. still, a bill having had a thorough vetting will now be allowed to come to the senate floor to be debated, amended, and hopefully improved upon. this is the way it should work. to conclude, madam president, in the few -- a few days after last november's of election, the 12 new elected senate freshmen were invited to the national archives. he were taken to the legislative va
where success is measured by how well our tracks are covered when the debt ceiling is raised. where prioritizing spending cuts ae avoided by invoking sequester. we have been there, done that. it is time now for the senate to lead. there are encouraging signs we may be moving in this direction. earlier this year, a budget was passed by this chamber. it was not a budget that i preferred, but i was given ample offerunity to debate and amendments as were my republican colleagues. we came up short,...
72
72
Oct 15, 2013
10/13
by
CNBC
tv
eye 72
favorite 0
quote 0
what that does is that it brings forward the debate over the debt and a need to raise the ceiling. >> until we hit that ceiling. >> what happened? it didn't work. >> i think it did. i think what you saw, i mean the market is basically flat since that moment and for the last two weeks we have been talking about the need to raise the debt limit. dc being dc you always have to go the last minute. but i was up on the hill all day today and people are resigned to the fact that we are coming to a deal. now what the house is doing today is they felt as if mitch mcconnel was about ready to give up too much and so they are trying to reassert themselves into this discussion. the problem is that it's not quite sure if they have the votes yet in the house. so actually, if the vote feels in the house today . >> we will know once the house votes. if the house vote fails tonight we will have a deal tomorrow morning. if the house vote passes, i think you probably have to have a couple of extra hours maybe a half day on that. the two sides are not that far apart. a deal will come. the timing is uncert
what that does is that it brings forward the debate over the debt and a need to raise the ceiling. >> until we hit that ceiling. >> what happened? it didn't work. >> i think it did. i think what you saw, i mean the market is basically flat since that moment and for the last two weeks we have been talking about the need to raise the debt limit. dc being dc you always have to go the last minute. but i was up on the hill all day today and people are resigned to the fact that we...
122
122
Jan 26, 2013
01/13
by
CSPAN
tv
eye 122
favorite 0
quote 0
we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the left, not each other. if we take a prudent course we will be in very good company. take james madison. nowadays we call him the founder and the father of the constitution. but at the constitutional convention he lost key arguments. he fought to give each state the same number of seats in the senate. he wanted to give congress more power. he wanted them to be able to be tough state laws. in both cases, he argued vigorously for his side. in both sets -- in both cases he lost. when it came to ratify the when it came time to ratify the constitution, there was no better person than james madison. he led the ch
we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the...
114
114
tv
eye 114
favorite 0
quote 0
he was pretty much disgusted, from a business standpoint, raise the debt ceiling. you don't want to see this cause global gyrations, alcoa, very much a global business. david: indeed it is. larry shover i want to go back to you for a second. the question of whether or not the deficit was responsible for the problems that we saw at the last tick of the wire. sounds like there's a lost activity at the s&p right now. closes in about 10 minutes. what is happening behind you? a lot of screaming going on. >> same thing i mentioned earlier. half the crowd is looking for some type of resolution rally rebound. the other half are worried about a crisis selloff. that makes for a perfect market. >> hold on a second. we really haven't seen any kind of a crisis selloff going on. we've seen a slow fading of the markets. >> yeah. david: what do they think would cause a crisis selloff right now? >> well i think the bias is tilting a little bit. we've fallen below the 100 day moving average. i don't care about technicals that much, however it creates a lot of momentum in the market.
he was pretty much disgusted, from a business standpoint, raise the debt ceiling. you don't want to see this cause global gyrations, alcoa, very much a global business. david: indeed it is. larry shover i want to go back to you for a second. the question of whether or not the deficit was responsible for the problems that we saw at the last tick of the wire. sounds like there's a lost activity at the s&p right now. closes in about 10 minutes. what is happening behind you? a lot of screaming...
17
17
tv
eye 17
favorite 0
quote 0
america's debt ceiling to raise it up in order to pay off debts otherwise it means default the repercussions of that would be horrendous for the world economy currently hundreds of thousands of state workers have been laid off in the u.s. with organizations as big as massive falls to war and then operations meantime britain is dealing with its own deficits in a very different way coming up at twenty three thirty g.m.t. most kinds of ways in our london solutions. of course only in the u.k. would they come up with an idea of backing their wealth of creating wealth through property so this is the first head by max and it's turned crown estate into sovereign wealth fund labor m.p.'s to urge basically this is a great idea because other countries like norway famously have a sovereign wealth fund from all that north sea oil china has trillions of dollars in reserves made up of a chilling us dollars and then more chileans of other currencies britain however they sold sixty percent of their gold under gordon brown they have no sovereign wealth fund and they've got an economy that's overly reliant on
america's debt ceiling to raise it up in order to pay off debts otherwise it means default the repercussions of that would be horrendous for the world economy currently hundreds of thousands of state workers have been laid off in the u.s. with organizations as big as massive falls to war and then operations meantime britain is dealing with its own deficits in a very different way coming up at twenty three thirty g.m.t. most kinds of ways in our london solutions. of course only in the u.k. would...
170
170
Jul 17, 2013
07/13
by
CNBC
tv
eye 170
favorite 0
quote 1
happen or could happen to the economy if the congress does not raise the debt ceiling in september or later this -- or later in the fall. a lot of questions about fannie mae and freddie mac. there are some bills in congress. also questions about banking and banking reform. he was also asked about interest rates and higher interest rates and what the potential sources of those whether were and whether or not there was concern. >> there have been three reasons for it. the first is that the economic news has been a little better. for example, there was a pretty strong labor market report that cause yields to go up as investors became more optimistic. second partor is probably that some excessively risky or leveraged positions unwound in the last month or two as the federal reserve communicated about policy plans. >> bernanke went on to say that the tightening associated with those higher rates is not welcome but said he's monitoring the mortgage market to see what the impact of higher rates is on housing. ultimately the fed's forecast is for the pickup in the economy to happen in the sec
happen or could happen to the economy if the congress does not raise the debt ceiling in september or later this -- or later in the fall. a lot of questions about fannie mae and freddie mac. there are some bills in congress. also questions about banking and banking reform. he was also asked about interest rates and higher interest rates and what the potential sources of those whether were and whether or not there was concern. >> there have been three reasons for it. the first is that the...
186
186
Jan 15, 2013
01/13
by
KQEH
tv
eye 186
favorite 0
quote 1
the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the substantive problem which is the level and the growth in the debt. >> reporter: markets are almost treating the fight over the debt ceiling as the sequel to a bad movie. and investors have a pretty good feel for how this cliffhanger ends. >> they don't really care about the brinksmanship until they are right up to the brink, but also, the more dangerous the fall, off the brink, they figure the less likely that it's going to happen. >> reporter: treasury secretary timothy geithner told congress today that unless it acts, the nation will not be able to pay its bills sometime around mid- february or early march. so with a month of so to go, there is no solution in sight. darren gersh, washington, d.c. >> tom: federal reserve chairman ben berna
the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the substantive problem which is the level and the growth in the debt. >> reporter: markets are almost treating the fight over the debt ceiling as the sequel to a bad movie. and investors have a pretty good feel for how this...
123
123
Jan 15, 2013
01/13
by
CNNW
tv
eye 123
favorite 0
quote 0
trimg the deficit should be separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is a america will pay its bills. we are not a deadbeat nation. >> john boehner said the american people do not support raising the debt ceiling without reducing government spending at the same time. >> listen to this. a medical scare in a buffalo, new york veteran's hospital. many may have been exposed to hiv. the pens are designed to be used by one person, but many of them were used on multiple people. >> surfers, beware. you have to look at this video. it's shocking. >> standing on the shore? >> he has his toes in the water. two sharks were spotted dangerously close to shore in honolulu. this was off of oahu. they are like ten feet offshore. >> i will call him a dingaling if he is in the water. >> he's a hero. >> there is flooding and ice. from the weather center, you said snow is on the way as well? >> that's right. it's coming to you guys. it's coming into a north and west of new york into connecticut as well. that's not today's concern. we have the s
trimg the deficit should be separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is a america will pay its bills. we are not a deadbeat nation. >> john boehner said the american people do not support raising the debt ceiling without reducing government spending at the same time. >> listen to this. a medical scare in a buffalo, new york veteran's hospital. many may have been exposed to hiv. the pens are designed to be used...
274
274
Jan 15, 2013
01/13
by
CNBC
tv
eye 274
favorite 0
quote 0
the debt ceiling to avoid a potentially disastrous debt default. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying oh, i know how we can save money we won't pay our credit card bills. not the most effective way to improve your credit rating. >> but the chairman was fairly upbeat on the outlook for u.s. growth. but, gave no clear hints on when the fed would curb its aggressive bond purchases. we'll have more on the debt ceiling in the next hour when we speak to senator rob portman. you guys, wilbur, you also said we have -- we are fully ready with inflation, we have all the tools we need to exit. >> well, i caution a little bit. historically the fed has always bought short-term paper and it's easy then to raise the interest rates. again you let the paper roll off, you sell it. now they've been buying long-term paper. rates start to go up
the debt ceiling to avoid a potentially disastrous debt default. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying oh, i know how we can save money we won't pay our credit card bills. not the most effective way to improve your credit rating....
WHUT (Howard University Television)
281
281
Oct 20, 2013
10/13
by
WHUT
tv
eye 281
favorite 0
quote 0
if we actually got the situation, the debt ceiling were not raised, the president had to make his decision on what to do, if he were, all the options are very bad, i think the least bad is to continue borrowing. the second least bad is just to cut the domestic spending, but that creates a huge recession. but the worst is actually to default on their debt. so, they're all terrible. if this then ends up in a quasi-judicial process, an impeachment or something of this kind when we're just sort of getting out of the big post crisis malaise, yes, i think it would, could be potentially catastrophic. one never knows, but it would certainly be very bad for the reputation of the united states. >> the last time the united states played so fast and loose with the debt ceiling in 2011, standard & poors downgraded our debt rating. was there any, has there been any lasting consequence of that downgrading? >> no. i think, i thought at the time that there probably wouldn't be because actually everybody continues to be confident that in the end the us will serve its, service its debt and meet its debt obli
if we actually got the situation, the debt ceiling were not raised, the president had to make his decision on what to do, if he were, all the options are very bad, i think the least bad is to continue borrowing. the second least bad is just to cut the domestic spending, but that creates a huge recession. but the worst is actually to default on their debt. so, they're all terrible. if this then ends up in a quasi-judicial process, an impeachment or something of this kind when we're just sort of...
143
143
Oct 23, 2013
10/13
by
KICU
tv
eye 143
favorite 0
quote 0
adibi says the positive impact of the dow jumping more than 200 points when the debt ceiling was raised should keep sales up this holiday season and companies continuing to hire. more or less what the stock market says is that, sure, if you get your act together then we're in good shape. reporting for first business news, i'm ky sisson. to get a competitive edge when applying for a holiday job: employers say research the company, don't ask upfront about the discount and don't show up wearing the clothes of the competitor. still to come-- a stock sitting out the rally is catching one traders eye. and--the small town striking it rich with one of the largest oil reserves in the world...is it a blessing or a curse? it's all coming up! ♪ ♪ ♪ ♪ ♪ from the headlines it's clear still tough times for job seekers in america. but not in 1 small town in north dakota where it is a modern day boom time. listen to this. "i make more money now than i've ever made in my life. we had 2 theaters in town. now we going to have a 14 plex, that's just 1 example." "i don't have an opportunity to do a
adibi says the positive impact of the dow jumping more than 200 points when the debt ceiling was raised should keep sales up this holiday season and companies continuing to hire. more or less what the stock market says is that, sure, if you get your act together then we're in good shape. reporting for first business news, i'm ky sisson. to get a competitive edge when applying for a holiday job: employers say research the company, don't ask upfront about the discount and don't show up wearing...
68
68
Oct 11, 2013
10/13
by
MSNBC
tv
eye 68
favorite 0
quote 0
the debt ceiling. that said, we did get some type of sound from susan collins, republican senator from maine. she was saying how today's meeting was cordial and everyone was saying right things. the biggest takeaway in the last 24 hours, there has been a change in tone. i really wouldn't be surprised if we have a type of resolution in the next three or four days, particularly after more and more house republicans and senate republicans pore over the brand-new poll. >> mark, i want to dig into the numbers more and bring in perry bacon, political editor to the grio. it caught their attention, they figured they would shoulder the blame for it and it shouldn't stop them from doing the right thing. perry, i'm not sure whether that means the correct thing or the right wing thing. >> it's moving away from the right wing thing to be the right thing politically, always to do the right thing politically. >> indeed. >> let me touch on the polling that you brought out because we're seeing horrendous numbers for go
the debt ceiling. that said, we did get some type of sound from susan collins, republican senator from maine. she was saying how today's meeting was cordial and everyone was saying right things. the biggest takeaway in the last 24 hours, there has been a change in tone. i really wouldn't be surprised if we have a type of resolution in the next three or four days, particularly after more and more house republicans and senate republicans pore over the brand-new poll. >> mark, i want to dig...
23
23
tv
eye 23
favorite 0
quote 0
the decision on america's multi-trillion dollar debt ceiling a raises fears for the world economy on the government cuts back on space missions to save itself from default. and asserts a lens is set to vote on the guarnteed of monthly handout to the rebels of dollars on a pilot scheme to provide citizens with a lifetime of financial security. everyone welcome to you if you've just joined us here on our team your love with me to mom would say let's take a look at our top story this hour. leaving you with tech companies are seeking to undo the damage from the n.s.a. scandal that revealed a pont in government spying programs the internet giants are asking the federal court to let them reveal details about the agency's data requests a move that's been slammed by the justice department r.t. as you see capital flow said what could have prompted this fight for transparency. in the wake of the u.s. national security agency scandal much of the tech industry has been critical of government snooping some companies named as partners in the n.s.a.'s prism program including google and facebook eve
the decision on america's multi-trillion dollar debt ceiling a raises fears for the world economy on the government cuts back on space missions to save itself from default. and asserts a lens is set to vote on the guarnteed of monthly handout to the rebels of dollars on a pilot scheme to provide citizens with a lifetime of financial security. everyone welcome to you if you've just joined us here on our team your love with me to mom would say let's take a look at our top story this hour. leaving...
120
120
Sep 26, 2013
09/13
by
CNBC
tv
eye 120
favorite 0
quote 0
that creates an opportunity since it always sounds bad, raising the debt ceiling. in normal times, nearly every member of congress has at one time or another voted against raising the debt ceiling. because it gives you the opportunity to stand on the floor of the congress and make a speech about a particular thing that you strongly disagree with. senator mccain, for example, used to use this as an opportunity to talk about some defense spending that he thought was wasteful. that's fine. but to do it as a strategy to actually stop from paying america's bills is disastrous. >> what do you think the deal should be? what should president obama give on and what should the republican -- i mean, i think what you're saying is the republicans should get off of this tdebt ceiling. >> first of all, if i were in his position i would be taking the exact position he was taking. >> not negotiable. >> not that. i would say we can still negotiate a long-term budget. the place to do that is when you're doing it. once you vote to spend the money, you can't say, we're not going to pay
that creates an opportunity since it always sounds bad, raising the debt ceiling. in normal times, nearly every member of congress has at one time or another voted against raising the debt ceiling. because it gives you the opportunity to stand on the floor of the congress and make a speech about a particular thing that you strongly disagree with. senator mccain, for example, used to use this as an opportunity to talk about some defense spending that he thought was wasteful. that's fine. but to...
106
106
Oct 10, 2013
10/13
by
FBC
tv
eye 106
favorite 0
quote 0
. ♪ lou: house speaker puts the deal on the table seeking to raise the debt ceiling for ix weeks, and wall street rejoices. a powerful triple digits gain for the dow jones industrials that erased nearly all of the losses since the partial government shutdown began ten days ago. mr. obama makes no determination . i am lou dobbs. ♪ lou: good evening. house republican leaders offered a temporary incrrase in the debt ceiling. in exchange for negotiations on what they are calling the longer term debt drivers. offering to build -- bring a bill to the floor that would raise the debt ceiling for approximately six weeks that would not end the shutdown. white house spokesman signaled earlier in the day that the president would accept this offer. but after meeting with the president himself, senate majority leader harry reid said no negotiations on the budget would take place before the house passed a clean government funding bill. wall street ignoring their rhetoric on the way to the biggest one day point gain. they presented the debt ceiling deal to the president just moments ago wrapping up
. ♪ lou: house speaker puts the deal on the table seeking to raise the debt ceiling for ix weeks, and wall street rejoices. a powerful triple digits gain for the dow jones industrials that erased nearly all of the losses since the partial government shutdown began ten days ago. mr. obama makes no determination . i am lou dobbs. ♪ lou: good evening. house republican leaders offered a temporary incrrase in the debt ceiling. in exchange for negotiations on what they are calling the longer term...
58
58
Jan 4, 2013
01/13
by
CNBC
tv
eye 58
favorite 0
quote 0
a lot of people feel that the whole ideas of not raising the debt ceiling and not paying obligations is extremely absurd. >> the intention of the debt seal ceiling is to control the amount of spending we do in the country. there's a whole strategic reason to have it. sorry, joe, we got to go. >> even if that's true, we may not -- >> the man in my head is yelling at me. >> thanks, joe. >> as the first week goes, so goes the year. >> the dow today up 43 points. the nasdaq and s&p at a five-year high. that does it for "closing bell." have a great weekend. "options action" starts right now. >> this is "options action." tonight money in the bank. finally soar in the new year. miss the rally, fear not. there's a trade in citigroup that could make you money if the stock goes up, down, or nowhere at all. plus heavy metals, gold and silver see their worst week in eight years. carter and kos say the pain is just starting, it will you where they see them heading next. and retail has been a wreck. so where were all those traders piling into family dollar calls? scott nations will explain. the ac
a lot of people feel that the whole ideas of not raising the debt ceiling and not paying obligations is extremely absurd. >> the intention of the debt seal ceiling is to control the amount of spending we do in the country. there's a whole strategic reason to have it. sorry, joe, we got to go. >> even if that's true, we may not -- >> the man in my head is yelling at me. >> thanks, joe. >> as the first week goes, so goes the year. >> the dow today up 43 points....
99
99
Jan 15, 2013
01/13
by
MSNBCW
tv
eye 99
favorite 0
quote 0
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. >> and of course republicans tried to trick americans into believing the debt ceiling was a blank check or magic credit card for the president to go spend whatever he wanted to spend. of course, the united states constitution gives the power to spend to congress. the result is the money congress has already borrowed. president obama explained to the american people in congress how they're trying to do their actual jobs. >> these are bills that are racked up. and we need to pay them. so while i'm willing to find compromise on how to pay our debts, americans should not be stopped from paying the bills we racked up. >> the country will be in a dire situation. president obama knows this. he proved it before, and he is not going to play games with economic stability. >> so we have to pay our bills. and republicans in congress have two choices here, they can act responsibly and pay america's bills. or t
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. >> and of course republicans tried to trick americans into believing the debt ceiling was a blank check or magic credit card for the president to go spend whatever he wanted to spend. of course, the united states constitution gives the power to spend to congress. the result is the money congress has already borrowed. president obama explained...
83
83
tv
eye 83
favorite 0
quote 0
. >> you remember senator obama voted against raising the debt ceiling. for all of the reasons that the republicans are raising today. what do you think that? >> absolutely, forgotten by the media. they voted against raising the debt limit. and it's a daily reminder and it doesn't work that way. continuing to do these kinds of things, just do it both ways, have added. they don't do that. and that is what should really stick it to them. anyway, wal-mart is looking to grow. in china after getting blocked from large cities in the u.s. that fact doesn't play that we that fact doesn't play that we have some problemsthe ocean get. the pevian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. neil: i don't know what this is a sign of, but wal-mart is looking to grow. in china. after getting a hard time for major american cities. gretch
. >> you remember senator obama voted against raising the debt ceiling. for all of the reasons that the republicans are raising today. what do you think that? >> absolutely, forgotten by the media. they voted against raising the debt limit. and it's a daily reminder and it doesn't work that way. continuing to do these kinds of things, just do it both ways, have added. they don't do that. and that is what should really stick it to them. anyway, wal-mart is looking to grow. in china...
73
73
tv
eye 73
favorite 0
quote 0
. >> you remember senator obama voted against raising the debt ceiling. for all of the reasons that the republicans are raising today. what do you think that? >> absolutely, forgotten by the media. they voted against raising the debt limit. and it's a daily reminder and it doesn't work that way. continuing t things, just do it both ways, have added. they don't do that. and that is what should really stick it to them. anyway, wal-mart is looking to grow. in china after getting blocked from large cities in the u.s. that fact doesn't play that we have some problems here. you're not linda. i'm filling in for officer owens. she used double miles from her capital one venture card to take an early vacation. buckle up. let's go do cop stuff. [ siren chirps ] license and venture card, ma'am. was i going too fast? oh, you'd be going twice as fast if you had double miles. [ male announcer ] get away fast with unlimited double miles from the capital one nture card. freeze! don't touch the face! can i drive? absolutely not. what's in your wallet? you really love, what
. >> you remember senator obama voted against raising the debt ceiling. for all of the reasons that the republicans are raising today. what do you think that? >> absolutely, forgotten by the media. they voted against raising the debt limit. and it's a daily reminder and it doesn't work that way. continuing t things, just do it both ways, have added. they don't do that. and that is what should really stick it to them. anyway, wal-mart is looking to grow. in china after getting...
108
108
Oct 15, 2013
10/13
by
FBC
tv
eye 108
favorite 0
quote 0
ceiling problem the market has never seen us not raise the debt ceiling. so how the market will react and how the market participants will react to that is really the thing that keeps you up at night. i mean we had the scare in 2008 when lehman brothers failed. it was sort of a downstream effect of that including the failure of one of the money market funds that really sent people sort of running toward the exits. that is the concern we have that is out there. we never had a dress rehearsal for one of these. cheryl: sorry, tim. this is cheryl casone. >> go ahead, cheryl. cheryl: fiscal restraint in washington still is not being seen or agreed upon. sequester aside. that may be the next fight that the republicans find themselves in in the next year. where would you like to see overall government spending? do you have a number in your mind, a percentage of gdp that would let you sleep at night? >> well i don't really have, i really haven't thought about it in terms of that. what i would like to see is sort of a long-term solution to the, the debt ceiling and
ceiling problem the market has never seen us not raise the debt ceiling. so how the market will react and how the market participants will react to that is really the thing that keeps you up at night. i mean we had the scare in 2008 when lehman brothers failed. it was sort of a downstream effect of that including the failure of one of the money market funds that really sent people sort of running toward the exits. that is the concern we have that is out there. we never had a dress rehearsal for...
130
130
Oct 8, 2013
10/13
by
WMAR
tv
eye 130
favorite 0
quote 0
. >> unless congress votes to raise the debt ceiling, the federal government will reach its borrowing in less than 10 days. october 17th is that deadline. the president indicated he support has short-term bill while holding broader talks on the deficit and healthcare. >> despite shutdown, an immigration reform rally went on. demonstrators were there to demand that congress pass immigration refoamplet the house was expected to take up the issue next month. >> you know, a week after maryland opened up enrollment in the new health insurance marketplace, it has been slow to deliver in practice. jeff hager joins us with more on the state's effort to reach out to those who can -- who can benefit the most. >> reporter: it's been difficult to deliver. >> i'm going all over the state of maryland. >> reporter: what better place than a library. on this day, they're carrying a load of information on how the affordable care act can work for marylanders. >> correcting -- >> reporter: in the first week alone, maryland's website has drawn more than 170,000 visitors. more than 13,000 have set up accou
. >> unless congress votes to raise the debt ceiling, the federal government will reach its borrowing in less than 10 days. october 17th is that deadline. the president indicated he support has short-term bill while holding broader talks on the deficit and healthcare. >> despite shutdown, an immigration reform rally went on. demonstrators were there to demand that congress pass immigration refoamplet the house was expected to take up the issue next month. >> you know, a week...
105
105
Jan 14, 2013
01/13
by
CNBC
tv
eye 105
favorite 0
quote 0
and he said the fiscal cliff deal represented progress but urged congress to raise the debt ceiling, saying it gives the government the ability to pay its existing bills. he said, we think we're getting some effect in lowering interest rates but saying it was still early yet. saying we have found it can be an effective tool but we'll continue to assess how effective and saying that could change over time. this comes in context of a debate on the federal reserve over the effectiveness of the additional quantitative easing and some concern about the negative impact. the felt, d, he said, has the ability to undo the policies before inflation becomes a problem. and then he was asked about the federal reserve enabling congress to spend a lot of money because it buys the government's debt, but he said it's not up to the fed to play games and tell congress what it should and should not be doing on its spending. and he added that the federal reserve has to follow its dual mandate. he was asked about question about his personal and he said, i try to get a lot of sleep and then, melissa, talki
and he said the fiscal cliff deal represented progress but urged congress to raise the debt ceiling, saying it gives the government the ability to pay its existing bills. he said, we think we're getting some effect in lowering interest rates but saying it was still early yet. saying we have found it can be an effective tool but we'll continue to assess how effective and saying that could change over time. this comes in context of a debate on the federal reserve over the effectiveness of the...